Honeywell International Inc. (NASDAQ:HON) Position Increased by Rodgers Brothers Inc.

Rodgers Brothers Inc. increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,296 shares of the conglomerate’s stock after buying an additional 125 shares during the quarter. Rodgers Brothers Inc.’s holdings in Honeywell International were worth $4,133,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Summit Financial LLC raised its holdings in shares of Honeywell International by 15.8% during the fourth quarter. Summit Financial LLC now owns 34,347 shares of the conglomerate’s stock valued at $7,759,000 after buying an additional 4,679 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Honeywell International by 221.3% during the 4th quarter. Meeder Asset Management Inc. now owns 347 shares of the conglomerate’s stock worth $78,000 after acquiring an additional 239 shares during the period. St. James Investment Company LLC bought a new position in shares of Honeywell International in the fourth quarter worth $6,687,000. D L Carlson Investment Group Inc. grew its stake in shares of Honeywell International by 5.8% in the fourth quarter. D L Carlson Investment Group Inc. now owns 18,042 shares of the conglomerate’s stock worth $4,076,000 after purchasing an additional 991 shares in the last quarter. Finally, Saratoga Research & Investment Management bought a new stake in shares of Honeywell International during the fourth quarter valued at about $1,889,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HON shares. Morgan Stanley increased their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Citigroup lowered their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $249.08.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $210.34 on Monday. The company’s fifty day moving average is $213.21 and its two-hundred day moving average is $217.07. The company has a market cap of $136.70 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.